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  • how these two tokens might eclipse XRP during the upcoming bull market

    how these two tokens might eclipse XRP during the upcoming bull market

    • XRP surged in price as Wall Street eyes XRP Spot ETF. 
    • A new meme coin raises $1 million in ongoing presale, becoming the best ICO.
    • TRON (TRX) gained in price as it leads the list of top 10 blockchains. 

    Ripple (XRP) is on its way to gaining more value as Wall Street makes important plans for the coin. Meanwhile, a new meme coin has emerged as the top ICO after raising $1 million in presale while the TRON (TRX) community also received good news before the end of the year. 

    Let’s review the latest about XRP, TRX, and the new meme coin to find the top crypto coins to invest in!

    XRP soars in price as Wall Street eyes a spot XRP ETF

    When a false claim about BlackRock filling for an XRP Spot ETF went viral, XRP’s value spiked. After that incident, Wall Street investors realized that there was a great demand for a spot XRP ETF. 

    On December 17, 2023, Yassin Mobarak, the founder of Dizercapital, sparked an intense discussion about the need for an XRP Spot ETF. Since no institution has filed for an XRP Spot ETF yet, Mobarak said in his tweet that the field is wide open. 

    After the tweet, Ripple’s native token gained 4.7% in two weeks. XRP from Ripple went from trading at $0.6096 to $0.6386. According to XRP price prediction, Ripple could increase by 72.2% in 2024. 

    If the market stays bullish, Ripple will be trading at $1.10 by the end of 2024. However, the price of Ripple’s native token can also be affected by bearish trends. In that case, Ripple will be trading at $0.9067 per XRP by the end of 2024. 

    $RBLZ raises $1M, plans to target centralized systems

    Rebel Satoshi is a new meme coin that aims to challenge centralized systems with the help of rebels. Rebel Satoshi intends to build a community of underdogs to target the systems that only favour the elite. 

    The native token from Rebel Satoshi is $RBLZ and is selling out quickly in its presale. Currently, $RBLZ is in the Citizens Round 3 stage of the presale. Each $RBLZ token is priced at $0.02. Once Rebel Satoshi officially launches, early investors of $RBLZ will get a 150% return on investment. 

    $RBLZ investors will also get to enjoy exclusive benefits as well as the chance to contribute to the Rebel Satoshi ecosystem. When Rebel Satoshi launches on DEX, $RBLZ will begin trading at $0.025. 

    So far, Rebel Satoshi has raised $1 million in the ongoing presale. $RBLZ has established itself as the top ICO of 2023 after smashing records in its presale. 

    February 2024 has been picked as the launch month of Rebel Satoshi. So, time is running out, and those who wish to join the $RBLZ presale should act now. You can now use Bitcoin and 50 top altcoins to sign up for the $RBLZ presale. 

    TRX surges after TRON achieves a new milestone

    On December 22, 2023, CryptoRank released the Top 10 Blockchains by 30-Day Active Users. TRON was leading the list with 43 million users. The news showed the growth of TRON as a blockchain. It also helped improve the price of TRX, the native token from TRON. 

    TRX gained 2.5% in value after CryptoRank released the top 10 blockchains. TRX went from trading at $0.1041 to $0.1068. TRON coin price prediction suggests that TRX could gain 74.7% in value by the end of 2024. 

    If the market sentiments turn bullish, TRX will reach its maximum predicted price of $0.1847 by the end of 2024.

    However, if the market gets affected by bearish sentiments, then the price of TRON will also be impacted. The expected minimum price of TRON’s native token for 2024 is $0.1496. 

    For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram

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  • BitPay expands crypto offerings; now supports for UNI, BNB, LINK, and More

    BitPay expands crypto offerings; now supports for UNI, BNB, LINK, and More

    • BitPay expands crypto support, adding UNI, BNB, LINK, CRO, VERSE, BAT to its roster.
    • CEO Stephen Pair underscores commitment to user-friendly crypto payments.
    • Users to enjoy versatile options, from luxury purchases to practical expenses.

    BitPay, initially established as a Bitcoin-focused payment startup, has broadened its horizon beyond Bitcoin (BTC) by adding support for “dozens” of additional cryptocurrencies. Notable tokens like Uniswap (UNI), Binance Coin (BNB), Chainlink (LINK), Cronos (CRO), VERSE, and Basic Attention Token (BAT) are now included in the platform’s extensive list of supported digital assets.

    CEO Stephen Pair emphasized the company’s dedication to simplifying crypto payments, aiming to make them accessible to a broader audience. This strategic move aligns with the evolving demands of the digital currency market, showcasing BitPay’s commitment to user diversity and the need for greater accessibility in the crypto landscape.

    This expansion caters to a growing trend within the web3 space, where companies are increasingly embracing a range of digital tokens beyond Bitcoin. Recognizing the importance of user choice and accessibility, BitPay is positioning itself as a leader in the evolving digital economy.

    Versatile crypto payment solutions

    BitPay’s commitment to inclusivity extends beyond mere token support. Users can now leverage their cryptocurrencies for a variety of purposes, from purchasing goods at renowned merchants like Gucci and Ralph Lauren to practical expenses such as car and mortgage payments. The company’s portfolio continues to expand with added support for tokens like Cronos and Basic Attention Token, further enhancing the utility of digital assets in everyday transactions.

    BitPay’s strategic expansion into supporting a wide range of cryptocurrencies signifies a pivotal milestone. The move caters to the diverse preferences of crypto users, positioning BitPay as a pioneering player ready to shape the future of digital transactions.

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  • Gensler issues warning ahead of SEC’s Spot Bitcoin ETF decision

    Gensler issues warning ahead of SEC’s Spot Bitcoin ETF decision

    • Spot Bitcoin ETF applicants strategically adjust fees ahead of potential SEC approval.
    • Invesco, Valkyrie, and WisdomTree reduce costs to attract investors.
    • Gensler’s cautionary note; SEC emphasizes risks in cryptocurrency investments, warning of unique challenges.

    As the crypto community eagerly awaits the SEC’s decision on Spot Bitcoin ETFs, recent developments have intensified the competition among ETF providers.

    In the midst of the hype, Gary Gensler, the SEC Chairman, has issued a cautionary message, emphasizing the risks associated with cryptocurrency investments. The warning comes amid a flurry of activity from ETF applicants, with some dropping proposed management fees.

    The stage is set for a potential revolution in the crypto landscape, but Gensler’s words serve as a stark reminder of the challenges that lie ahead.

    Spot Bitcoin ETF applicants compete to slash fees

    Various ETF providers are vying for approval of their Spot Bitcoin ETFs, anticipating a green light from the SEC. In a bid to attract investors, providers like Invesco, Valkyrie, and WisdomTree have slashed their proposed management fees. Invesco dropped its fee to 0.39% annually, while Valkyrie and WisdomTree reduced theirs to 0.49% and 0.2%, respectively.

    The strategic fee adjustments aim to stand out in a crowded field and potentially lure investors into what is becoming a highly competitive landscape.

    This fee-cutting frenzy extends beyond mere reductions, with WisdomTree going a step further by announcing a fee waiver for the initial $1 billion in assets under management. This bold move appears to be a marketing tactic, creating a sense of FOMO (fear of missing out) around WisdomTree’s ETF launch.

    Other providers, including Bitwise, ARK/21Shares, Invesco, and iShares (BlackRock), are also adopting similar strategies, offering lower or zero fees for the first months or tranches of AUM.

    Gensler’s cautionary note: emphasis on investor protection

    Amidst the excitement surrounding potential Spot Bitcoin ETF approvals, Gary Gensler has reiterated the SEC’s concerns about cryptocurrency investments. Quoting an SEC article, Gensler warned potential investors to exercise caution, emphasizing the unique risks associated with crypto securities.

    The article cited by Gensler highlights the SEC’s unease about the lack of regulatory protections in the cryptocurrency market compared to traditional securities markets. Gensler’s message serves as a sobering reminder to market participants, urging them to thoroughly research and evaluate the risks before diving into the world of cryptocurrencies.

    The juxtaposition of the heated fee completion and Gensler’s regulatory caution sets the stage for a pivotal moment in the crypto space. As the SEC’s decision looms, market participants are waiting with bated breath to see whether the SEC will approve or deny the spot Bitcoin ETF applications. If approved, the price of Bitcoin could see some major upward swings and if denied the opposite could be the case.

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  • Pullix (PLX) price outlook as investors savour bullish market

    Pullix (PLX) price outlook as investors savour bullish market

    • Pullix (PLX) presale price has increased to $0.08 in stage 6.
    • Meanwhile, the broader crypto market outlook is bullish amid anticipated Bitcoin ETF approval.
    • As Bitcoin looks to break higher, analysts say altcoins could follow.

    With investors in an extremely bullish mood, top altcoins led by Ethereum are looking to strengthen their latest upside momentum. 

    Pullix, whose presale has surpassed the $3.2 million mark as investors take an early position, is also poised as it eyes its market debut.

    Altcoins surge as BTC price retests $47k level

    Bitcoin’s price saw a remarkable move on Monday as it soared more than 5% to break to the $47,000 level. The upside came as the crypto market increasingly became convinced the US Securities and Exchange Commission (SEC) is set to approve the US market’s first spot Bitcoin ETF.

    This latest bullish flip coincided with the SEC Chair Gary Gensler’s comment on the potential risks of investing in crypto.

    The broader reaction saw BTC pull altcoins higher, with Ethereum boosted to above $2,300, BNB above $310 and Solana swinging past the psychological $100 level.

    While prices have seen a correction in the past 24 hours, with BTC back to $46,500 and ETH to $2,300 levels, crypto analyst Michael van de Poppe says ETF sentiment remains the main catalyst this week. He expects Bitcoin to hit prices in the $48k to $51k range on approval, while altcoins could see a late flourish. He also says dips are for buying.

    Pullix presale heats up amid bullish market

    The drive behind Pullix (PLX) token sale is its technology and what it could mean for the crypto trading industry, and DeFi in particular, in 2024 and beyond.

    Set to mark its entry in the market after its presale, Pullix will offer a hybrid exchange platform designed to offer the best of both centralised and decentralised exchanges. Importantly, given the recent hiccups around exchanges such as FTX and Binance, Pullix promises a non-custodial exchange where users remain in complete control of their assets.

    Investors eyeing the potential impact of Pullix in the ecosystem see its presale as a perfect phase to make an entry. That and the expected bull run mean buying PLX today could be a smart move. Pullix has so far raised $3.2 million in its PLX token sale.

    PLX price prediction

    Currently, PLX is priced at $0.08 in stage 6 of the presale. The PLX price at the start of the presale was $0.04, which means first stage buyers are looking at a potential 100% upside were the token to launch in the market today. Fortunately, the presale is ongoing, with a small amount of the 60% of total supply available for presale still up for grabs.

    When the presale phase ends, Pullix will go live on trading platforms. Apart from its fundamental strengths, momentum seen across the market could be key to catapulting PLX higher. 

    If you are looking to invest in this token, add your own due diligence. You can visit the Pullix website for more details about its hybrid exchange and tokenomics.

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  • TRON Exceeds Bitcoin in Daily Active Addresses

    TRON Exceeds Bitcoin in Daily Active Addresses

    • Surprisingly, TRON takes the top spot on the list of cryptocurrencies with the most active daily addresses, with 1,643,580.
    • It is followed by Bitcoin, which has 867,570 active addresses.
    • In third place is Litecoin with 754,272 active daily addresses.

    Cryptocurrencies are always on the move, constantly changing and evolving. They’re often compared to the wild west of finance, breaking away from the rules of traditional markets. 

    A new analysis by CoinJournal.net utilised the most recent data available to reveal the cryptocurrencies with the highest average of daily active addresses, either as a sender or receiver of the crypto in question. 

    The snapshot from December 5, 2023 unveils an intriguing development—TRON outperformed Bitcoin in terms of worldwide daily user engagement.

    Rank Cryptocurrency Active address count
    1 TRON 1,643,580
    2 Bitcoin 867,570
    3 Litecoin 754,272
    4 Ethereum 478,541
    5 Stellar 109,897
    6 Dogecoin 99,677
    7 Bitcoin Cash 93,186
    8 Cardano 45,483
    9 USD Coin 33,920
    10 Ripple 28,201
    11 Ethereum Classic 15,472
    12 Chainlink 5,021
    13 Internet Computer 4,448
    14 Dai 2,756
    15 Wrapped Bitcoin 1,959

     

    1. TRON (TRX)

    At the forefront of blockchain activity on December 5, 2023, was TRON with an impressive 1,643,580 daily active addresses. The TRON network, known for its high throughput and decentralised applications, attracted a substantial user base actively engaging with TRX tokens.

    2. Bitcoin (BTC)

    Bitcoin, the pioneer of cryptocurrencies, maintained a robust presence with 867,570 daily active addresses. Despite its relatively lower throughput compared to some altcoins, Bitcoin’s widespread adoption and recognition ensured a substantial user base actively transacting on the network.

    3. Litecoin (LTC)

    Litecoin secured the third position with 754,272 daily active addresses. Known for its faster block generation time compared to Bitcoin, Litecoin’s user-friendly features and efficient transaction processing contributed to its significant presence in daily blockchain activity.

    4. Ethereum (ETH)

    Ethereum, the pioneer of smart contract functionality, boasted 478,541 daily active addresses. The Ethereum network’s versatility and wide range of decentralised applications facilitated a diverse set of users actively participating in transactions.

    5. Stellar (XLM)

    Stellar claimed the fifth spot with 109,897 daily active addresses. Focused on facilitating cross-border payments and bridging traditional finance with blockchain, Stellar attracted users seeking fast and low-cost transactions.

    Max Coupland, the director of CoinJournal, comments, “The cryptocurrency landscape, characterised by its dynamic nature, has long been dominated by the legacy and influence of Bitcoin. However, TRON’s unexpected triumph signals a potential shift in user preferences and highlights the evolving demands within the crypto community. While Bitcoin continues to command a substantial user base and remains a symbol of decentralised finance, TRON’s surge suggests that users are increasingly seeking platforms that provide more than just a store of value.”

     

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  • Grayscale’s GBTC tops ETFs, Standard Chartered bullish on BTC, Meme Moguls trending in BTC ETF buzz

    Grayscale’s GBTC tops ETFs, Standard Chartered bullish on BTC, Meme Moguls trending in BTC ETF buzz

    • Standard Chartered forecasts $200K Bitcoin by late 2025, banking on ETF approval.
    • Grayscale’s GBTC outpaces 99% of ETFs, trading close to half a billion dollars.
    • Meme Moguls, a meme-backed stock market, enters the crypto space with presale buzz.

    As the crypto world buzzes with anticipation over the potential approval of spot Bitcoin ETFs in the US, major players are making bold predictions. Standard Chartered forecasts a staggering $200,000 target for Bitcoin by late 2025, contingent on ETF approval.

    Simultaneously, Grayscale’s Bitcoin Trust (GBTC) is making waves, outpacing the majority of ETFs in trading volume. Amidst this, a new player, Meme Moguls, is poised to capitalize on the ETF momentum.

    Standard Chartered’s $200K Bitcoin projection with ETF approval

    Standard Chartered, a banking giant, has made a striking projection for Bitcoin’s future. The multinational firm predicts a potential surge to nearly $200,000 by late 2025, riding on the approval and success of Bitcoin exchange-traded funds (ETFs) in the US. This optimistic forecast, shared on X by Entrepreneur and Bitcoin investor Lark Davis, is underpinned by the belief that spot Bitcoin ETFs could attract significant inflows, ranging from $50-100 billion in 2024.

    The bank’s Head of Digital Assets, Geoff Kendrick, and Precious Metals Analyst Suki Cooper base this projection on the assumption that US-listed spot Bitcoin ETFs could hold a substantial amount of Bitcoin by the end of 2024, potentially multiplying its current price by 4.3 times. Kendrick and Cooper draw parallels with the growth trajectory of gold exchange-traded products, envisioning a more rapid ascent for Bitcoin given the expected faster development of the BTC ETF market.

    Grayscale’s GBTC outpaces ETFs in trading volume

    While Standard Chartered makes forward-looking predictions, Grayscale’s Bitcoin Trust (GBTC) has already demonstrated significant prowess.

    According to industry expert Eric Balchunas, GBTC traded close to half a billion dollars on January 8, surpassing over 99% of the approximately 3,000 existing ETFs. Balchunas points out that if spot Bitcoin ETFs get approved, Grayscale will enter the market with substantial trading volume, giving it a significant advantage over its competitors.

    Meme Moguls seizing the opportunities amid the ETF buzz

    In the midst of the ETF buzz, a newcomer is entering the arena – Meme Moguls. This platform positions itself as the world’s first meme-backed stock market/exchange. As the crypto community eagerly awaits the potential approval of spot Bitcoin ETFs, Meme Moguls aims to capitalize on the growing interest in the cryptocurrency market.

    The Meme Moguls ecosystem is powered by the Meme Moguls Governance Token ($MGLS), featuring diverse meme-inspired assets and engaging community-driven features like a casino, trading platform, fantasy trader, and a metaverse world named Mogul Land.

    Meme Moguls is currently in the presale stage of its MGLS token, offering participants an opportunity to get involved in the world of meme trading and potentially become part of a groundbreaking utility-based memecoin. With a $10,000 giveaway at the end of each presale stage and ambitious plans to create 100 millionaires within the first three months of launch, Meme Moguls is setting high expectations.

    In the presale’s current stage, participants can access $MGLS for $0.0027, with a total supply of 3 billion tokens. Analysts predict substantial growth for $MGLS, aligning with the overall bullish sentiment in the cryptocurrency market.

    Conclusion

    In this dynamic landscape, where traditional financial institutions make ambitious forecasts, established entities like Grayscale showcase real-time strength, and emerging platforms like Meme Moguls strive to carve their niche, the crypto market remains an ever-evolving space.

    As the spotlight remains on the potential approval of spot Bitcoin ETFs, these developments mark significant steps in the maturation of the cryptocurrency ecosystem.

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  • what’s DEXCHECK.Ai & why is this trending?

    what’s DEXCHECK.Ai & why is this trending?

    DEXCHECK ai is trending #1 on BitcoinLFG App 🚀🔥Just 5million mcap @DexCheck_io 🎯👉 With Big utilities like Launchpad pad.dexcheck.ai where users can stake 100k $DCK to gain access to private sales of prestigious upcoming projects✅👉 New Brc20 analytics launching soon 🔥👉 Insights GPT (PRO) – Get smart money alerts alerts when smart investors buy/sell tokens.Official website: dexcheck.ai/infoDapp: dexcheck.ai/appFollow twitter.com/dexcheck_io for more $DCK updates

    What is DexCheck?

    Dexcheck is an AI-powered analytics platform and trading tool for blockchain-based assets. Every form of on-chain data, from cryptocurrencies and token pools, to NFTs and DEX trading volume the DexCheck platform provides. Moreover, in its mission to cater to as wide an audience as possible with industry-leading technology, it is augmenting traditional research processes of analyzing information and enhancing the pattern recognition capabilities of individuals with machine learning applications. Beyond on-chain metrics, DexCheck maximizes the fidelity of its information through a novel application of social intelligence functionality for evaluating sentiment and tracking capital flows dubbed “smart-money.”

    What Are Some of its Platform Features?

    DexCheck provides a full suite of services with precision analytics that are applicable to a broad range of insights. Intuitively packaged into a user-friendly interface, called the “Checkerboard” the platform acts as the ultimate assistant amplifying the decision-making and pattern recognition experiences for traders and investors. The software is already available for the public to interact with and can be accessed here: https://DexCheck.aiSome of the features that are already functioning include:Top Crypto Traders leaderboard: Tracking system for monitoring elite token traders.Top NFT Traders leaderboard: Tracking system for monitoring elite NFT flippers.Mirror Trading Bot: Automated copy trading of leading traders.Address Analyzer: In-depth visualization tool for understanding PnL and Trading InsightsWhales Tracker: Real-time monitoring of large transactions and movements by the largest user accounts; both Crypto and NFT.In the near term, DexCheck has planned to release an expansion of its services with functions such as AI-Dexfolio, a BRC-20 token tracker, and an arbitrage bot

    .Accessing DexCheck

    DexCheck upholds the highest quality standards in terms of its product and believes in maximal inclusion, thus it has opted for a hybrid data access model. Some of the information, such as the Whale Trackers and basic token analytics will be provided absolutely for free to the general public, meanwhile, more advanced and unique data, such as the leaderboards will be tied to their native $DCK token. Being decentralized in its foundation, DexCheck has implemented its own token $DCK that will give the token holders membership to their DAO and expand their platform access with additional PRO features. More information about their features can be found on their official website here.

    DexCheck $DCK Tokenomics

    • With a vision for equitable ownership, accessibility, and decentralization of its product, DexCheck is implementing its own token, $DCK.
    • Token Name: DexCheck Token
    • Token Symbol: $DCK
    • Token Standard: BEP-20
    • Issuing Network: Binance Smart Chain
    • Total Supply: 1,000,000,000
  • $TIA Eyes Further Gains as $GFOX Presale Reaches Over $2.3 Million

    $TIA Eyes Further Gains as $GFOX Presale Reaches Over $2.3 Million

    $GFOX progress piques crypto enthusiasts’ interests, as $TIA eyes continued price pump

    If you’re looking for good investments, $TIA could be a good crypto to buy now. The token impressed with its year-end run, and the momentum has extended to the new year. $TIA is looking to keep up its run, and its future outlook suggests it could be one of the best cryptos to invest in. $TIA isn’t the only impressive altcoin currently. 

    The new presale meme coin, $GFOX, is also having a good run, surpassing $2.3 million on presale. Both altcoins are profitable investments this year. 

    Galaxy Fox ($GFOX): Fox-themed Hybrid Meme Coin With Excellent Utility 

    Galaxy Fox is an Ethereum-based meme ecosystem where users can play, earn, and have fun. The crypto project is dedicated to providing users with fun and income-earning opportunities. Galaxy Fox will leverage meme appeal and features to create fun, while its web3 game, runner, will be the basic earning medium in the ecosystem. The Runner game is P2E, and users can enjoy the thrill of playing against each other while earning. 

    You can also earn on Galaxy Fox by staking the $GFOX token. Staking rewards come from the crypto project’s Stargate – the central hub for allocating residual earnings to staked tokens. Stargate is funded by automatically adding 2% of every transaction’s total value. It facilitates ecosystem replenishment and fuels committed $GFOX token holders’ passion. Staking $GFOX tokens makes you eligible to receive a proportional share of Stargate’s rewards periodically. This satisfactory incentivizing gives users compelling reasons to HODL the $GFOX tokens. 

    Minting and trading Galaxy Fox NFTs is another feasible way of benefiting from the crypto project. Galaxy Fox is releasing about 3000 of its coolest NFTs during its ongoing presale, and you can mint them directly on Galaxy Fox’s official website and trade them on popular NFTs trading platforms. The NFTs will have a high possibility to increase in value rapidly, making them buys or assets to keep for anyone. They’ll play a vital role in improving players’ chances of winning their games while equally being an item of value that can be traded for real money in the Galaxy Fox NFTs marketplace. 

    Players can get other game-enhancing digital items in the marketplace, leveraging the $GFOX token to complete transactions. The hybrid meme-GameFi token is billed for a high-value increase in the coming months. This makes potentially a must-own crypto asset either via winning the platform’s web3 game, staking, or joining the presale. The Galaxy Fox presale has been on for a while, and it’s gradually nearing its end, making it a good crypto to buy now before its retail launch. 

    Currently, the token 6th presale is rounding up out of the proposed 10. Over 80% of the available 3.5 billion presale tokens have been sold, indicating limited time to join the presale. $GFOX presale price is considered the lowest value it will ever be at, and investors can expect a value rise with stage progression. Hence, the earlier the entry, the lower the purchase price and the higher the potential profit margin. You should join now. 

    >>BUY $GFOX TOKENS<<

    Celestia ($TIA) Price Outlook 

    Celestia is a modular blockchain that supports easy deployment of blockchains with reduced overhead. This makes it a welcome protocol by most developers. It scales by rethinking blockchain architecture from scratch and decouples execution from consensus by leveraging new primitive data availability sampling. 

    The network doesn’t impose settlement or execution constraints. This allows blockchain developers and builders to define their settlement and execution environments, enabling them to access new and unrealized possibilities. 

    $TIA functions as the platform’s native currency. It is one of the top altcoins to own currently due to its bullish momentum. The crypto yielded about 29% in the last 24 hours, bringing its 7-day return to over 35% increase. $TIA trades around $15.70 – $16.68 currently, indicating a sharp surge from its initial $12 market price. The cryptocurrency looks poised for a $20 run, making it part of the top 10 altcoins to consider currently. Analysts believe $TIA upward momentum could last a while, and the market shows a strong bullish sentiment too. 

    Conclusion 

    $GFOX is one of the top-performing ICOs of 2024 and will likely burst out of the gates running when it hits retail exchanges later this year. $TIA is another good crypto to buy now, though its upside potential is somewhat limited by the profits it’s already seen over the past two months, as early investors will begin adding strong sell pressure. $GFOX’s continuous progress at presale indicates its high potential, and joining it presale could be the best way to potentially highest returns. 

    Learn more about $GFOX here:

    Visit Galaxy Fox Presale | Join the Community

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  • The explosive growth of cryptocurrencies over the past decade

    The explosive growth of cryptocurrencies over the past decade

    • Cryptocurrencies surged from 66 in 2013 to 8,886 in 2023.
    • 2017 marked explosive growth, leading to 2,817 currencies.
    • The market peaked at 7,557 in 2021, later consolidating to 8,886 in 2023.

    In the fast-paced world of finance and technology, the last decade has witnessed an unprecedented surge in the popularity and diversity of cryptocurrencies. Beginning with the introduction of Bitcoin in 2009, the subsequent years have seen the emergence of numerous digital currencies, each vying for its place in the evolving landscape.

    A new research by CoinJournal.net analysed the data available on Statista in order to get an overview of the incredible growth of cryptocurrencies over the past decade.

    Year Number of cryptocurrencies
    2013 66
    2014 506
    2015 562
    2016 644
    2017 1,335
    2018 1,658
    2019 2,817
    2020 4,117
    2021 7,557
    2022 9,310
    2023 8,886

    The Early Years (2013-2016)

    In 2013, the cryptocurrency market was in its infancy with a modest 66 digital currencies. Bitcoin, as the pioneer, dominated the scene, setting the stage for what was to come. The subsequent years saw a gradual increase, with 506 cryptocurrencies in 2014 and 562 in 2015. As the technology matured, the number of cryptocurrencies continued to climb, reaching 644 in 2016.

    The Cryptocurrency Boom (2017-2019)

    The year 2017 marked a turning point, as the cryptocurrency market exploded with a staggering 1,335 digital currencies. This surge was fueled by increased public awareness, growing investor interest, and the rise of ICOs as a popular fundraising method. The momentum continued into 2018 and 2019, with 1,658 and 2,817 cryptocurrencies, respectively. These years were characterised by innovation, competition, and the exploration of diverse blockchain applications beyond just digital currencies.

    The Years of Unprecedented Growth (2020-2021)

    The cryptocurrency market experienced an unprecedented leap in 2020, with the number of cryptocurrencies soaring to 4,117. The COVID-19 pandemic, financial uncertainty, and the growing appeal of decentralised finance contributed to this remarkable expansion. However, the most remarkable growth occurred in 2021, with a staggering 7,557 cryptocurrencies. This explosive increase can be attributed to the mainstream acceptance of cryptocurrencies, institutional investments, and the broader adoption of blockchain technology.

    Consolidation and Adjustments (2022-2023)

    As we entered 2022, the cryptocurrency market experienced a shift. While the number of cryptocurrencies continued to grow, reaching 9,310, the pace slowed compared to the previous year. Regulatory scrutiny, market corrections, and a focus on quality over quantity contributed to a more consolidated landscape. In 2023, the number dipped slightly to 8,886, indicating a maturing market where projects were evaluated more critically.

    Max Coupland, the director of CoinJournal, comments, “As we reflect on the journey of cryptocurrencies over the past decade, it becomes evident that the market has not only weathered challenges but has also reshaped the financial world. The stage is set for continued evolution, adaptation, and integration into the broader financial system. Cryptocurrencies, having already made an indelible mark on finance, are certain to revolutionise our understanding of money and technology in the years to come.”

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